Brokerages Set Weibo Co. (NASDAQ:WB) PT at $11.65

Weibo Co. (NASDAQ:WBGet Free Report) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $11.65.

WB has been the topic of several recent analyst reports. UBS Group upgraded shares of Weibo from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $12.90 to $11.50 in a research note on Tuesday, March 19th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $10.60 target price on shares of Weibo in a research note on Thursday, March 28th. HSBC lowered their price objective on shares of Weibo from $13.60 to $9.80 and set a “hold” rating on the stock in a research report on Friday, March 15th. Finally, Morgan Stanley cut shares of Weibo from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $11.00 to $10.00 in a research report on Friday, May 17th.

View Our Latest Research Report on Weibo

Institutional Investors Weigh In On Weibo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aviva PLC lifted its stake in shares of Weibo by 6.8% in the third quarter. Aviva PLC now owns 47,259 shares of the information services provider’s stock worth $593,000 after buying an additional 3,000 shares in the last quarter. Deutsche Bank AG lifted its position in Weibo by 2.1% during the third quarter. Deutsche Bank AG now owns 158,145 shares of the information services provider’s stock valued at $1,983,000 after purchasing an additional 3,267 shares during the period. New York State Common Retirement Fund lifted its position in Weibo by 5.7% during the fourth quarter. New York State Common Retirement Fund now owns 61,627 shares of the information services provider’s stock valued at $675,000 after purchasing an additional 3,338 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in Weibo by 4.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 134,393 shares of the information services provider’s stock worth $1,222,000 after acquiring an additional 6,000 shares during the period. Finally, DGS Capital Management LLC raised its position in Weibo by 42.1% in the fourth quarter. DGS Capital Management LLC now owns 23,121 shares of the information services provider’s stock worth $253,000 after acquiring an additional 6,850 shares during the period. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Weibo Stock Down 1.0 %

Weibo stock opened at $8.19 on Wednesday. Weibo has a twelve month low of $7.58 and a twelve month high of $16.02. The firm has a 50 day moving average price of $8.74 and a 200-day moving average price of $9.08. The company has a market capitalization of $1.92 billion, a P/E ratio of 6.88, a P/E/G ratio of 1.39 and a beta of 0.24. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.57.

Weibo (NASDAQ:WBGet Free Report) last released its quarterly earnings data on Thursday, May 23rd. The information services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $395.50 million during the quarter, compared to the consensus estimate of $396.50 million. Weibo had a net margin of 16.74% and a return on equity of 10.92%. As a group, equities analysts predict that Weibo will post 1.48 EPS for the current year.

About Weibo

(Get Free Report

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.

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Analyst Recommendations for Weibo (NASDAQ:WB)

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